NowPurchase secures Rs 80 Cr in funding led by Bajaj Finserv
NowPurchase raises Rs 80 Cr in funding led by Bajaj Finserv to expand its scrap recycling business and its AI platform, MetalCloud, which digitizes and optimizes metal manufacturing and procurement.
•NowPurchase has secured Rs 80 crore in funding.
•The funding was led by Bajaj Finserv.
•The capital will be used to expand scrap recycling operations and its AI platform, MetalCloud.
Why it matters
This funding round highlights the growing investment in AI-driven solutions for traditional industries. NowPurchase's MetalCloud platform leverages AI to bring efficiency and digitization to the metal manufacturing and procurement sector, demonstrating how AI can optimize complex supply chains and industrial processes. The investment signifies investor confidence in AI's potential to transform sectors beyond typical tech applications.
Impact:◇ Medium
Who should care:FOUNDERS, INVESTORS, GENERAL
Time Horizon:Mid-term
Explain Simply →
A company called NowPurchase got a lot of money to grow its business. They use an AI system called MetalCloud to make metal buying and making better and more digital.
